Question: Problem 2. (a) (5 Points) What continuous compounding interest rate is equivalent to a semi-annual compounding rate of 11%? (Keep three significant digits) (b) (5

Problem 2. (a) (5 Points) What continuous compounding interest rate is

Problem 2. (a) (5 Points) What continuous compounding interest rate is equivalent to a semi-annual compounding rate of 11%? (Keep three significant digits) (b) (5 Points) Which rate is preferable: (1) a continuous compounding rate of 9% or (2) a monthly compounding rate of 9.15%

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